Medical Packaging submits listing right issue documents - EGX says

Medical Packaging submits listing right issue documents - EGX says

Arab Finance: EGX administration announced on October 22, 2018, Medical Packaging Company (MEPA) submitted Listing documents to list 64 million right issues separately from the underlying stock in exchange for the issued capital hike.

The company intends to increase issued capital to LE128 million from LE64 million by issuing 64 million shares for existing shareholders with a par value of LE1 in addition issuance expenses of LE0.02 per share.

EGX added the documents will be reviewed to be presented to the listing committee.